U.S. to become biggest oil producer by 2020 & energy independent by 2030.

Posted: November 15, 2012 in Global Community., Politics, random news., somewhat current
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Oil and gas boom puts US on track for energy independence

The United States will overtake Saudi Arabia to become the world’s biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.

North America would become a net exporter of oil around 2030, the global organization said Monday.

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“The United States, which currently imports around 20% of its total energy needs, becomes all but self sufficient in net terms — a dramatic reversal of the trend seen in most other energy importing countries,” the IEA stated.

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Links to the story:

CNN MONEY: U.S. to become biggest oil producer and energy independent – Nov. 12, 2012.

Canada Free Press: IEA: U.S. to Become the World’s Largest Oil Producer.

Forbes

LA Times

Guardian

Fox News

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